When is the initial franchise fee due for a Bumble Roofing franchise?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
IMATED INITIAL INVESTMENT
| Type of Expenditure (1) | Estimated Low/High Amount | Method of Payment | When Due | To Whom Payment is Made |
|---|---|---|---|---|
| Initial Franchise Fee (2) | $49,500 | Lump sum | Upon signing the Franchise Agreement | Franchisor |
| Travel and living expenses while training (3) | $2,000/$5,000 | As incurred | As incurred during training | Airlines, hotels, r |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 24–27)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, the initial franchise fee of $49,500 is due upon signing the Franchise Agreement. This is a standard practice in franchising, as the initial fee compensates the franchisor for granting the franchise rights and providing initial support. The FDD specifies that this fee is generally non-refundable once paid, which means a prospective franchisee should carefully consider their decision before signing the agreement.
Bumble Roofing may, in limited circumstances, offer to finance up to 80% of the initial franchise fee. This could be a significant benefit for franchisees who may not have the full amount of capital readily available. However, it's important to understand the terms of any financing offered, including interest rates and repayment schedules, which are not detailed in this excerpt.
Prospective franchisees should confirm with Bumble Roofing what specific circumstances might qualify them for financing and to fully understand the implications of financing the initial franchise fee. It is also advisable to seek legal and financial advice before signing the Franchise Agreement to ensure a clear understanding of all obligations and risks involved.